Tomra Systems ASA (OTCMKTS:TMRAY) Sees Large Increase in Short Interest

Tomra Systems ASA (OTCMKTS:TMRAY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 3,239 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays restated an “overweight” rating on shares of Tomra Systems ASA in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Tomra Systems ASA Trading Up 2.6%

Shares of OTCMKTS:TMRAY opened at $10.04 on Wednesday. Tomra Systems ASA has a 52-week low of $9.28 and a 52-week high of $16.09. The company has a fifty day moving average of $10.11 and a 200-day moving average of $11.67.

About Tomra Systems ASA

Tomra Systems ASA, headquartered in Asker, Norway, is a leading provider of sensor‐based sorting and collection solutions for the recycling, food and mining industries. The company’s core offering centers on reverse vending machines (RVMs) that automate the collection and sorting of used beverage containers in deposit‐return schemes. In addition, Tomra designs and manufactures advanced sorting equipment that employs near‐infrared (NIR), X-ray and laser technologies to separate materials such as plastics, metals, glass and paper, as well as to optimize yield and quality in food processing operations.

Founded in 1972 by brothers Petter and Tore Planke, Tomra pioneered the use of automated collection technology to support environmental sustainability and resource recovery.